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ICE Formation: How the Exchange Grew

How did IntercontinentalExchange become a powerhouse in the exchange world? Jacob Bunge joins The News Hub with answers. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... the ... the nesting NewsHub I'm and see that until now is found under Utley tree on Wall Street two hundred and twenty is again ... that today the well all have been nice if the stock exchange in New York ... agreed to sell itself to the upside on commodities exchange ... Intercontinental in that deal was about eight billion dollars ... take a bunch of The will Street gentle report in the Chicago Gary Jacob thanks very much for joining us ... good morning ... but then ... I hit it hard to get paid for it three years in years but it goes back to you by ... the most recent deal to him when he that with about two years ago they came out ... I'm like a precursor to German Jan Stuart to her ... well you know pretty quickly truly an ... idea from Atlanta and an active part is trying to take over the headwinds U ... S factory at J P s chief executive of the unit ... which chipped broken yet ... he ... told ... his cabinet at the end when he won a futures market for quite some time he tries to kick the can walk to the Red Planet ... Earth Institute at joint ventures though ... not to mind for a long time and time ... to get my kid and sells a lot about time to time ... something that was sinking the hat that one ... it's a twelve year olds commodities exchange ... that supplied two hundred and twenty year old institution I mean ... the new circumstances so much more than just an exchange is the very symbol of American capitalism well I'll what I have a dividend and a few pictures of everything that I can now a change of time ... over the last twelve years and they came out it is the current war but not by enough of the market is back to Cabo PlayBook tequila action to try to connect ... what that that that getting into that river that markets which are more profitable for a change in the stock exchange that have ... the bigger trading the city as ... they control the clearing out the roster ... the futures exchange ... I he's the worst market electronic and Americano chains he thought they would focus on crude oil ... and natural gas ... on ... the agricultural commodities and helping the Religare aunt ... and a weaker as you know the electronic petition of market ... through its product to be up ... and that they will have to go on to the thought that you need now is that it believes processing credit derivative trade them but these are all things that the changes now are trying to catch up to us because like I like some markets are much cheaper to operate them that additional open outcry trading shows ... how how sentimental will people be feeling ... about the trading floor and doubles team of ... three and didn't know yet what's going to see how the ... euro that they're very quick to paint a put back joined already and why he would tell you that a lot of that and and updating its not making it more beautiful to electronic trading no one ... so you know that the heart of the Kiwi keeping with that that the first thing that everybody looks ... I however and you know it is the question was the sentimental value I think this deal ... today with its plan of Bain ... Capital exchange with other U S company it could be a lot less ... until then when you have the picture production storage for the commission especially taking over the life given that the difference etc any us in the potato Piccolo headquarters in Atlanta Georgia ... the the the the downtown now launching brought back going anywhere ... so you know the feast of changes that this week but I think that ... he has going for it or not it look a lot differently to Friday's close the subsidies unregulated couple's house to go to school that did this or any net that thank you so let's take a Ponzi in the Chicago parents have done as a close look small on that story out into the nets on the beest dot com and in the paper ...